USD/INR Breaks 90 Barrier: UBS Predicts Major Currency Shift

The Indian rupee has just crossed a significant psychological level, hitting the 90 mark against the US dollar, sending shockwaves through the forex market. Global banking giant UBS has reacted by significantly revising its forecasts for the Indian rupee, indicating a potential paradigm shift in currency dynamics. This development carries significant implications for investors, traders, and anyone with exposure to emerging market currencies.